THE BEAR STEARNS COMPANIES INC.
IncomeNotes(SM)
With Maturities of Nine Months or More from Date of Issue
Registration No. 333-109793
Filed Pursuant to Rule 424(b)(3)
Pricing Supplement No. 54
(To Prospectus dated November 17, 2003,
and Prospectus Supplement dated November 17, 2003)
Trade Date: January 10, 2005
Issue Date: January 13, 2005
The date of this Pricing Supplement is January 10, 2005
Fixed Rate Notes
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CUSIP# Interest Rate Maturity Price to Discounts & Reallowance Dealer Interest
Date Public Commissions Payment
Frequency
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07387EGU5 5.60% 1/15/2030 100.00% 2.50% 0.350% 98.00% Semi
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Subject to Redemption
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First Interest First Survivor's Yes/No Date and Terms of Redemption Aggregate Net Proceeds
Payment Date Interest Option Principal
Payment Amount
Amount
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7/15/2005 $28.31 Yes Yes Commencing on 1/15/2010 and $2,528,000 $2,464,800
on the 15th of each month
thereafter until Maturity,
the Notes may be called in
whole at par at the option of
the Company on ten calendar
days notice.
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The distribution of IncomeNotes will conform to the requirements set forth in
Rule 2720 of the NASD Conduct Rules.